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Dec 13, 2012
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we have 27% upside from this point forward and it's not happening because of all the fiscal cliff, obama care, the taxes. this market should be a lot higher if it wasn't for all of the stuff. >> what about the international story? where do you want to allocate capital outside the united states? >> the best way to allocate capital outside of the united states is focus on large multi-nationals in the united states but have exposure to places like china, india, brazil. why? because it's less volatile and a lot of their earnings are coming out of those places. >> that's a good point does it bother you if tax reform doesn't happen and, for example, hit the companies with so much money on international markets. >> i think corporations are already expecting a worst case scenario like most americans. to some extent any clarity will help unleash some of the corporate earnings down the road. >> does the dividend or cap increase scare anything out of market? >> if we focus on the short term it's a scary proposition. when the cost of anything goes up the profit goes down. i think long term we're sti
we have 27% upside from this point forward and it's not happening because of all the fiscal cliff, obama care, the taxes. this market should be a lot higher if it wasn't for all of the stuff. >> what about the international story? where do you want to allocate capital outside the united states? >> the best way to allocate capital outside of the united states is focus on large multi-nationals in the united states but have exposure to places like china, india, brazil. why? because...
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Nov 28, 2012
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a reversal of fortune on wall street as stocks trade on fiscal cliff comments from president obama and john boehner. here's how we finished the day on wall street, near the highs. up 105 points. 12,983. we'll have technicians looking at this day, seeing if it's a key reversal. the s&p also in positive territory. market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress asset management, is congress going to come through for your assets? >> well, i wish i had an inside scoop on that, but unfortunately, we're also left to speculate at this point. but i will say this. what's incredible about this market is the way the market moved up today, it's an instant polling
a reversal of fortune on wall street as stocks trade on fiscal cliff comments from president obama and john boehner. here's how we finished the day on wall street, near the highs. up 105 points. 12,983. we'll have technicians looking at this day, seeing if it's a key reversal. the s&p also in positive territory. market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time...
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Dec 21, 2012
12/12
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president obama is going to address the fiscal cliff tonight. he'll be making a statement. 5:00 p.m. eastern. we will bring it to you live right there at the white house. meanwhile, back on wall street, financials among the sectors seeing a decline today because of the setbacks of the budget talks. take a look at the kbw index. it soared 30% year to day. bank of america up better than 100% for that time period. that's the stock you needed to own. that stock among my next guests, top financial picks for 2013. he's been making the case in 2012, as well. antawn schiff, thanks for joining us. >> always a pleasure, maria. >> break it down for us. what happened in 2012 that caused these stocks to do well and why do you think we'll see a repeat next year? >> well, they were so hated last year. so many of them became victims of tax issues particularly at the end of last year when bank of america literally closed down $5 a share. what happened this year is they're still hated and most people are completely surprised by that chart you put up. they're shoc
president obama is going to address the fiscal cliff tonight. he'll be making a statement. 5:00 p.m. eastern. we will bring it to you live right there at the white house. meanwhile, back on wall street, financials among the sectors seeing a decline today because of the setbacks of the budget talks. take a look at the kbw index. it soared 30% year to day. bank of america up better than 100% for that time period. that's the stock you needed to own. that stock among my next guests, top financial...
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Nov 15, 2012
11/12
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fiscal cliff. for nearly two years, the one plan that has gotten the most support among those outside of washington and even inside has been the simpson/bowles plan. the two, of course, chaired president obama's debt commission. two years ago when the plan was presented, it was all but ignored by those in power. joining me now, the two architects behind the plan, former republican senator alan simpson and former chief of staff for democratic president bill clinton erskine bowles. gentlemen, wonderful to have you on the program. i want to first get to this. have either of you or together both of you been asked to participate in any way in these fiscal cliff negotiations? >> i've talked to most of the members of the white house. i met over the last couple of days with what's called the gang of eight, four republican senators and four democrat senators. i'm going to update alan as soon as this ends. >> senator, you have not been involved in these talks so far. >> he's an hour away. i'm all day away. i
fiscal cliff. for nearly two years, the one plan that has gotten the most support among those outside of washington and even inside has been the simpson/bowles plan. the two, of course, chaired president obama's debt commission. two years ago when the plan was presented, it was all but ignored by those in power. joining me now, the two architects behind the plan, former republican senator alan simpson and former chief of staff for democratic president bill clinton erskine bowles. gentlemen,...
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Dec 19, 2012
12/12
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president obama came out and said the republicans have a hard time saying yes to me. that was one of the stranger things today but john boehner came out and walked off without answering any questions and said he was introducing his plan "b" and offered no counterproposals and in fact largely ignored what the president had to say and that's when we moved to the downside. take a look at vix, volatility index actually showed some life. up about 11%. that's about a one-minute high. sectors not having a very good day. one group that's ignoring all of this action, that's the airline stocks, a new high for the airline index, maria, and that's been a big market mover recently on better metrics. two stocks on the downside. general electric. held their 2013 outlook this week and maybe a little sell on the news. it came in pretty much in line and moody's placed alcoa's credit rating on a review for a possible downgrade for lower aluminum prices. maria, back to you. >> the weekend market pinned to a bad day in the fiscal cliff negotiations. john harwood at the white house who had
president obama came out and said the republicans have a hard time saying yes to me. that was one of the stranger things today but john boehner came out and walked off without answering any questions and said he was introducing his plan "b" and offered no counterproposals and in fact largely ignored what the president had to say and that's when we moved to the downside. take a look at vix, volatility index actually showed some life. up about 11%. that's about a one-minute high....
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Nov 6, 2012
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you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money. >> paul, how do you see it? how do you want to invest knowing what we know today? >> i think tomorrow's a telling reaction. if we're looking in the short term, i think the move we have tomorrow and on thursday probably continues through the next week or two. i do believe that i'll be counter to most in our field. i think if romney wins, and i've got my red elephant tie on, but i think if romney wins, we're going to see a 2% to 5% selloff by thanksgiving. i think if president obama's re-elected, we're going to have a much stronger rally in th
you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money....
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Dec 10, 2012
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. >>> and as the fiscal cliff turns, president obama campaign style once again today. this time in michigan. that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall s
. >>> and as the fiscal cliff turns, president obama campaign style once again today. this time in michigan. that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait...
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Oct 26, 2012
10/12
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why neither of them met to discuss the fiscal cliff. she's up next. also ahead and this is no joke, yacht owners receive millions in dollars in tax breaks and lawmakers can't figure out a way to sink them. >>> then what does the head of one of apple's biggest suppliers think? we'll talk about the economy and fiscal cliff. keep it here. back in a moment. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about th
why neither of them met to discuss the fiscal cliff. she's up next. also ahead and this is no joke, yacht owners receive millions in dollars in tax breaks and lawmakers can't figure out a way to sink them. >>> then what does the head of one of apple's biggest suppliers think? we'll talk about the economy and fiscal cliff. keep it here. back in a moment. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees...
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Dec 5, 2012
12/12
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>> the major impact is looking at the fiscal cliff. any compromise close to that is going to give the market some upward swing. the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we appreciate it. of course we'll be looking at this market and whether or not it loses the steam come the big rally today. ticktock, ticktock on the fiscal cliff. my thoughts on the story from timothy geithner. guess what, folks. i think we're going over the cliff. back in a moment. are system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where
>> the major impact is looking at the fiscal cliff. any compromise close to that is going to give the market some upward swing. the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane...
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Aug 9, 2012
08/12
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. >> they are spending more time raising money than they are working on the fiscal cliff. new york city has been very good, one reason mitt romney has been outraising president obama already, look at these numbers. you see all of the major fimpls, goldman sachs, jpmorgan chase, citi, morgan stanley, all had a majority. 75% of their money went to a democrat, a different environment because of the situation, the dodd-frank piece of legislation. mitt romney is dominating the money. and here is what that money goes to, of course, attack adds that we see mitt romney has very heavy spending behind this ad attacking barack obama on welfare. this week, alone rather, $32 million being spent by obama, romney, and pacs associated by them. we're going to see if that can move some of the undecided voters, there are not many of them left. >> there are not many undecided voters left. that's right, it looks like the president lost the independent, john? >> no, i would not say that yet. the president still has a lead over mitt romney nationally, and we'll see if mitt romney can change some
. >> they are spending more time raising money than they are working on the fiscal cliff. new york city has been very good, one reason mitt romney has been outraising president obama already, look at these numbers. you see all of the major fimpls, goldman sachs, jpmorgan chase, citi, morgan stanley, all had a majority. 75% of their money went to a democrat, a different environment because of the situation, the dodd-frank piece of legislation. mitt romney is dominating the money. and here...
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Nov 9, 2012
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meanwhile, president obama playing the veto card today in early negotiations on solving the fiscal cliff. in fact, our chief washington correspondent john harwood now with more details on what the president said. >> maria, he reiterated the position he's held for the last two years throughout the campaign. you have to listen closely to the words used by the principle negotiators. first was john boehner today, who with drew a line not against additional tax revenue but only against the idea of raising top rates. >> listen, the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. we know 700 no,000 jobs would b destroyed. we also know it would slow down our economy. >> and by the same token, president obama came out in the east room, and the line he drew was not in favor of higher -- insisting on higher tax rates, it's that we need more tax revenue from people at the top. >> i'm not whetted to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to
meanwhile, president obama playing the veto card today in early negotiations on solving the fiscal cliff. in fact, our chief washington correspondent john harwood now with more details on what the president said. >> maria, he reiterated the position he's held for the last two years throughout the campaign. you have to listen closely to the words used by the principle negotiators. first was john boehner today, who with drew a line not against additional tax revenue but only against the...
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Dec 14, 2012
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we've got new taxes with the obama care legislation, the health care legislation so that's going to mean a bit of a pressure for folks. what about the employment situation as a result of cutbacks that we'll see because if we do get a deal we're going to see spending cuts. >> well, if you are going to reduce our budget deficit, you have to raise more revenues and you have to cut your spending, and you can't pretend that entitlements don't exist because even if -- if you look at the cbo projections for us going off the cliff and having this sequester as it is now, we still never get the budget into balance. in fact, the best thing that happens is that revenues get to 20% of gdp and spending goats 22% of gdp and then starts rising thereforise rising thereafter. you have to address the spending or else we won't have a long-term deal. >> lindsey, what do you think of the market deal or no deal? >> if we go over the deal no doubt we fall into recession and the question is how deep. it's very likely that we shave off about 4% in the first half of the year. we could be talking about 2 million in
we've got new taxes with the obama care legislation, the health care legislation so that's going to mean a bit of a pressure for folks. what about the employment situation as a result of cutbacks that we'll see because if we do get a deal we're going to see spending cuts. >> well, if you are going to reduce our budget deficit, you have to raise more revenues and you have to cut your spending, and you can't pretend that entitlements don't exist because even if -- if you look at the cbo...
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Nov 13, 2012
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the fiscal cliff. but not one of them is a banking ceo. what's behind the snub? we'll hear exclusively from one top bank ceo straight ahead. >>> then, the ceo of the new york stock exchange will join me next on how to fix the debt. back in a moment. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are
the fiscal cliff. but not one of them is a banking ceo. what's behind the snub? we'll hear exclusively from one top bank ceo straight ahead. >>> then, the ceo of the new york stock exchange will join me next on how to fix the debt. back in a moment. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the...
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Nov 8, 2012
11/12
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. >>> also, what if president obama and republicans fail to reach a deal on the fiscal cliff before the end of the year? we'll have a spirited debate. back after this. >>> then -- it. >> i'd gone from having $100 million two weeks only to having nothing. >> it's the stuff of movies and crime novels. white collar criminal mark drier misappropriated hundreds of millions of his clients' funds. i'll talk with a former employee who made a documentary film about him. don't miss it. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. disney out with its latest earnings results. we get right to it all right now and break it down. julia boorstin is live with bob iger from disney headquarters in a first on cnbc interview. >> that's right, maria. earnings per share coming in line with
. >>> also, what if president obama and republicans fail to reach a deal on the fiscal cliff before the end of the year? we'll have a spirited debate. back after this. >>> then -- it. >> i'd gone from having $100 million two weeks only to having nothing. >> it's the stuff of movies and crime novels. white collar criminal mark drier misappropriated hundreds of millions of his clients' funds. i'll talk with a former employee who made a documentary film about him....
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Aug 10, 2012
08/12
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plus feeling it, small businesses already suffering the effects of the looming fiscal cliff. what can they do to come back from the brink. economic advisor for obama weighs in, and what did two college kids, a super pac, and a keg of beer have in common? our ? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. this is no plan. really? [ male announcer ] the unit
plus feeling it, small businesses already suffering the effects of the looming fiscal cliff. what can they do to come back from the brink. economic advisor for obama weighs in, and what did two college kids, a super pac, and a keg of beer have in common? our ? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy...
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Nov 30, 2012
11/12
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stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmas time. >> according to congressional republican aides, they say they have obtained a copy of the white house's proffer here. at least $50 billion in new spending. >> do you have faith in any of them to rise above? >> would it be okay to go over? >> we will rise above. >> morgan stanley wealth management's chief investment strategist up next with his list of winners and losers. plus, how you can make money in these shaky markets as the year winds down. >>> later, as lawsuits pile up and hewlett-packard stock suffers, carly fiorina will join me for her first interview since the autonomy disaster came to light. wait until you hear who she says deserves the blame. >>> also, social security and medicare in focus. is this
stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmas time. >> according to congressional republican aides, they say they have obtained a copy of the...
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Dec 11, 2012
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this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a couple of years and mark smith, the ceo and face of the company, no longer the ceo. i can tell you sources tell me, kind of a board decision as they say they are growing to an operational company. the company's also been investigated by the s.e.c. i'm ted the s.e.c. investigation does not have anything to do with this muff but a hi high-flyers. getting red pretty hard right now. still above $10. looked at his insider buying and selling. sold a lot last year and was in the process of buying some some of the shares this year. mark smith no longer the ceo and face of mcp. b
this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a...
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Oct 1, 2012
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january when all of those cuts kick in if congress and white house do not make a deal on the fiscal cliff. they have to tell according to the union contract, they have to tell employees. but this is, of course, very inconvenient and bad timing for the white house. the last thing the obama administration wants is to see mass layoffs announced a month before the election. so enter the manipulation. the labor department is asking defense company ceos to delay notifying employees, even though the law dictates that they must. and today lockheed martin says it won't issue layoff notices before the election as it had planned to do. . it said it receivered assurances from the white house that the money would not be cut in january. how is that possible? aren't the costs mandatory if we hit the fiscal cliff? well, yes, but the administration could prioritize based on any criteria it chooses. perhaps it will make sure funds go to ensure that thousands of lockheed employees in northern virginia, a key swing state won't lose their jobs. but contract in states like georgia or alabama, well, those assur
january when all of those cuts kick in if congress and white house do not make a deal on the fiscal cliff. they have to tell according to the union contract, they have to tell employees. but this is, of course, very inconvenient and bad timing for the white house. the last thing the obama administration wants is to see mass layoffs announced a month before the election. so enter the manipulation. the labor department is asking defense company ceos to delay notifying employees, even though the...
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Oct 3, 2012
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president obama has been unable to bring people together. instead many believe he has created more divisiveness and class warfare. success and failures and leadership can be seen clearly and quickly. the board of hewlett-packard along with management has been setting the course for this once global leader in business. the leadership has bee mixed. the board hired and fired in just a short amount of years. where is the accountability now that we are watching a 50% market value loss i hewlett-packard. larry ellison who has led oracle has inspired confidence and leadership. this is what oracle ceo told me yesterday about leadership citing apple with steve jobs and hp. >> i have great respect for that company and tim cook. i will say it again. steve is irreplaceable. we have all lost something. he was our edison. he was our picasso. there is no one like him. apple will thrive but not like when steve was around. look what mark did when he was at hp. people forget how much trouble hp was in when he took over and what a spectacular job he did. it i
president obama has been unable to bring people together. instead many believe he has created more divisiveness and class warfare. success and failures and leadership can be seen clearly and quickly. the board of hewlett-packard along with management has been setting the course for this once global leader in business. the leadership has bee mixed. the board hired and fired in just a short amount of years. where is the accountability now that we are watching a 50% market value loss i...
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Dec 28, 2012
12/12
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. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up, montana's governor brian schweitzer is going to weigh in. >> looks like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hours pegs is extending the losses that we've been seeing in the last hour of trade. maybe we'll get eamon javers to get in front of the camera wh
. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher...